to be fair, Shelby Moore/Anonymint's project is something else. It is decentralized, with a proof of work scheme that will destroy users' hard drives.  +1 |
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This wouldn't happen to be related to that autistic asshole Anonymint, would it? Seems to reek of it, in writing style, and "mint".
He seems to be deeply related to bitmint.com, for what it's worth. When I first ran into Anonymint, I was thinking back on a time when we first met Synaptic... *sigh* Checked out lots of resources for Bitmint but they all seem ethereal and derpy. |
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Check the 4th paragraph: Bitcoin, and digital money in general, are made up of a bit-string that carries value and identity intrinsically – just via the sequence of the bits, independent of any media these bits are expressed in. The author simply read the name Bit and coin and thought "hey, I've heard about bits before, they are used in computers in some way". This sounds to me like the author tries to say the Bitcoin is "Bits are used in coins", with other words 100% ignorance or 100% lack of interest in finding out what Bitcoin is or what it isn't. Not worth your read...  Or 100% misdirection for his/her(Nancy?) audience. |
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I can speak from my position of being long-suffering and very introspective! I joined Bitcoin after searching several years for a currency protocol that would be disruptive. I was researching Disruptive Technologies from the point of view that centuries-old, petrified economic policy and market forces were incompatible with new, highly mobile, networked reality. Are people gaming this situation? Yes, and we are only steps away from alleviating the losses. Miles away from what is to be. Some want fame, fortune, community. Others want it all as a handbag, pwned, superiority! Create the watering hole app. The herd for the grazers - flock, swarm, hive, hut for the myriad drawn to Bitcoin. Almost there, just a dawn or 2 away. FF PS. Luckybit, do you sleep? Or is hyper posting just in your nature?  PPS. thx for trying to create consensus on the forums. |
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?  |
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Congrats! I couldn't afford the shipping to Canada...  Piece of history, now go tell Mike. |
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Paper and shinny rocks are way better than computer files... Not a very convincing argument.
Funny that I now know more about the future of money than most economic professors.
Disruptive Technology, enough said! |
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Let them think they can regulate the bitcoin, and when they wake up it will be too late, people hates banks, big government and too big to fail and fork with less regulation will be always most sucessful
This one. Bring on the contrived rules and edicts from the privileged few to aid the privileged few ... the sooner the new rules are known the sooner the true bitcoin will learn how to route around them and fork as/when needed. NB: We can play this game ad infinitum ... and we have home field advantage. I think the main thing that has these people upset is the discordant nature of the exchanges and the dearth of knowledge available for newbies. We can view rules as externally-imposed detrimental decrees, or as self-imposed, mutually beneficial adoptions. In nature we see the concentration of herds, the tight coordination of swarming, the relaxed benefit of a watering hole, and shared vigilance of defense as normal. We have in place currently with Bitcoin's environs none of these - just a straight-out, competitive race for the fittest. Some do require the herd, the swarm, the watering hole. For others, the solo advantage has not been countered by anything, therefore, why would they not wreak, and wreak, and wreak when it is to their advantage? Bitcoin's version of the cyber watering hole will be provided, and external rules shunned. What the community adopts next is a survival mode akin to the herd, the agile maneuverings of a swarm in flight, and the vigilance of shared knowledge. Given time, this will happen through dynamics or we can build with foreknowledge and deftly place new protocols externally, that enhance Bitcoin instead of trying to ruin Bitcoin's protocols to the benefit of the few. I predicted that the next phase of interference would be rule mongers feigning righteous anger or trying to garner the commons to impose rules, rules, rules. Low and behold, guess who came to dinner? |
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When I discovered Bitcoin in April 2010 it was due to an investigation for large C changing memes in the arena of Financial Banking Regulation. The markets were stymied by centuries-old policies that had created a bottleneck on innovation. We had previously seen these bottlenecks fall for other industries, and Brick and Mortars to fast-paced, networked, world-changing technologies.
Bitcoin did not disappoint, in fact, it has surpassed and challenged my theories. This will lead to even more dramatic shifts in the meme-space, forever altering our ways of doing business.
FF
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Well spoken, BobDude17.
+1
(we need bitcointip)
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It appears to be a Bitcoin independent protocol. Are you at or near Whitepaper stage?
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Of course the big bitcoin dump affected the price, but the 1 hour lag, that caused MOST OF THE PANIC, is simply unacceptable.
If it's only a panic caused by such lag, then why haven't the price recovered so far? It makes no sense to claim that the demand for Bitcoin is a function of MtGox health or competence. Either people want to hold bitcoins or they don't, and that has nothing to do with the efficiency of MtGox. (and if there are people whose decision to hold or sell bitcoins is influenced by MtGox health, then sorry, but these people should not have bought any bitcoin at all - and it's still not MtGox fault that they sold out, but their own) It's not MtGox that makes the price, it's the people that buy and sell. That should not be hard to understand. This is nothing new, what happens next is the blame game. We have seen this unfold over and over again. Its intent is not level headed investigation -troll parades/vitriolic accusations/impugned wrongs. |
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Generally anytime you have panic selling the underlying commodity, no matter what it is, is undervalued at the end of that panic cycle.
Now is the time to buy.
....Greedy when others are fearful...
...buy when there's blood in the streets.
...the principle of maximum pessimism.
All qoutes from very wealthy investors.
Now is the time to buy.
In the 2011 bubble, the prices was sliding down for half a year after the crash, so don't be too sure about this. Predicting is difficult. In particular predicting the future.  You have to ask yourself what the fundimtal value is? And what time frame are you playing in. If its undervalued and you're willing to wait out the dip then the only answer is to buy. We have an unprecedented level of new users and new money entering the system. That is a fundimental that is pretty hard to ignore. We have just breached initial public interest. The problem creating this dip is temporary. And will get solved. I would like to point out the new money that was enticed into the rapid growth cycle we experienced, was left to its own device. The cooperative helpful elements within the Bitcoin community tried to guide/educate/follow best practice with everyone it encountered. Kudos, and well done. The cooperative will always overcome the wolf as the mass of the herd can counter the cunning of a single wolf. The wolf acting in concert with a pack can pick off stragglers or steer the pack into dangerous arenas of unintended new climes of economics/media/FUD. The next obvious step is to act in cooperatively against these individual elements and threats. Decentralization does not mean uncooperative. |
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Well at least it wasn't one of the old-timers here. Phewf!
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Molecular is auctioning one off on the forum here... it's reached 4 BTC so far (which, I guess at current BTC valuation is only $200?). That one was minted in October.
Yours is an original... $300+ on ebay, I bet. |
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real new.. I just heard about bitcoins and am very interested in them.
Just wanted to drop a line and say hello..
You could give us an idea of your area of expertise and hobbies, some techies assume everyone is an expert. Same goes for economists. Enjoy |
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It seems pretty obvious we need a new coin with a fixed conversion rate that can only be traded between individuals & businesses. How else can we stop hackers, governments or wall street from f**king everything up?
Already launched 12 days ago. Google "Bytecoin". BryanMills/Maria was always heavily trolled on Bitcoin because of his early success mining. He is following a vision laid down by Satoshi concerning multiple Clients/Cryptocurrency/Chains/BitX Apps. Get to work ya slackies! FF |
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